May's Pace the Latest Sign Optimism Generated By New Government Is Helping to Boost Business

India's industrial output grew at its strongest pace in 19 months in May, the latest sign that the optimism generated by India's new government is helping boost business.

The output of manufacturing, mining and utilities firms rose 4.7% from a year earlier, stronger than the 3.4% expansion in April, according to data released Friday by the Ministry of Statistics and Programme Implementation. It was also well above economists'...